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Iberpapel Gestion
(BME:IBG)
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Rating:54Neutral
Price Target:
€19.00
▲(5.26% Upside)
Action:Reiterated
Date:08/04/26
The score is driven mainly by deteriorating 2025 operating performance (negative EBIT margin and weaker revenue) despite a very strong, low-leverage balance sheet. Technical indicators show weak momentum (below key moving averages, negative MACD, RSI near 40), while valuation is a balance between a high P/E and a solid dividend yield.
Positive Factors
Strong balance sheet / very low leverage
Extremely low leverage gives the company durable financial resilience through pulp-and-paper cycles. With minimal debt servicing pressure management can fund maintenance capex, weather weak demand, and maintain strategic optionality for investments or shareholder distributions without refinancing risk.
Negative Factors
Operating profitability turned negative
A negative EBIT margin signals structural pressure on core operations—whether from lower volumes, pricing erosion, or higher input/energy costs. Persistent negative operating profit would erode equity, limit reinvestment capacity, and require either margin recovery or strategic change to restore durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet / very low leverage
Extremely low leverage gives the company durable financial resilience through pulp-and-paper cycles. With minimal debt servicing pressure management can fund maintenance capex, weather weak demand, and maintain strategic optionality for investments or shareholder distributions without refinancing risk.
Read all positive factors
Iberpapel Gestion (IBG) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€193.46M
Dividend Yield4.59%
Average Volume (3M)3.87K
Price to Earnings (P/E)1898.9
Beta (1Y)0.30
Revenue Growth-7.35%
EPS Growth-99.48%
CountryES
Employees291
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)<0.01
Shares Outstanding10,964,445
10 Day Avg. Volume3,154
30 Day Avg. Volume3,871
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.65
Price to Sales (P/S)1.00
P/FCF Ratio25.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.99
Revenue Forecast (FY)€232.85M
Iberpapel Gestion Business Overview & Revenue Model
Company Description
Iberpapel Gestión, S.A., including its various subsidiaries, is globally active in manufacturing, distributing, and exporting paper for writing and printing. Its market reach extends across Spain, the broader European Union, Africa, and South Amer...
How the Company Makes Money
IBG primarily makes money by producing paper and selling it to downstream customers (e.g., merchants/distributors, printers, publishers, and other industrial users depending on the grade). Revenue is generated from the volume of paper sold and the...
Iberpapel Gestion Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
82
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 213.73M | 216.74M | 238.19M | 250.76M | 295.02M | 237.23M |
| Gross Profit | 94.00M | 91.09M | 147.12M | 145.94M | 209.61M | 147.96M |
| EBITDA | 14.16M | 9.09M | 42.03M | 66.65M | 30.54M | 22.96M |
| Net Income | 81.00K | 6.06M | 23.16M | 47.13M | 15.84M | 9.29M |
Balance Sheet | ||||||
| Total Assets | 391.72M | 389.07M | 407.68M | 389.03M | 389.10M | 385.84M |
| Cash, Cash Equivalents and Short-Term Investments | 124.84M | 127.63M | 122.08M | 118.75M | 77.01M | 105.24M |
| Total Debt | 10.11M | 13.04M | 18.43M | 24.29M | 37.78M | 52.12M |
| Total Liabilities | 65.38M | 56.99M | 68.06M | 70.63M | 101.74M | 116.19M |
| Stockholders Equity | 326.34M | 332.08M | 339.62M | 318.41M | 287.36M | 269.65M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 8.47M | 35.13M | 27.61M | -4.61M | 25.08M |
| Operating Cash Flow | 0.00 | 18.93M | 41.44M | 33.01M | 16.13M | 46.88M |
| Investing Cash Flow | 0.00 | 2.37M | -14.83M | 32.76M | -23.71M | -21.80M |
| Financing Cash Flow | 0.00 | -15.51M | -18.36M | -23.69M | -21.18M | -46.32M |
Iberpapel Gestion Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €3.13B | 13.96 | 15.03% | 1.80% | -2.65% | -22.92% | |
73 Outperform | €2.61B | 16.21 | 17.35% | 5.74% | 2.71% | 2.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €193.46M | 1,898.94 | 0.02% | 4.59% | -7.35% | -99.48% | |
49 Neutral | €614.16M | -9.75 | -13.53% | 4.91% | -10.41% | -3508.11% | |
48 Neutral | €319.57M | -5.90 | -14.05% | 2.46% | -3.31% | 33.30% |
* General Sector Average
ES:IBG
Iberpapel Gestion
18.00
-0.88
-4.64%
ES:ENC
ENCE Energia y Celulosa
2.51
-0.32
-11.45%
ES:ECR
Ercros SA
3.49
0.73
26.45%
ES:MCM
Miquel y Costas and Miquel
13.25
-0.65
-4.66%
ES:VID
Vidrala
87.70
2.95
3.48%
ES:VIS
Viscofan
56.40
-1.53
-2.65%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.